THE CUBAN SUGAR INDUSTRY Economic Importance There is an extensive literature on the Cuban sugar industry in the island and abroad. The reason is obvious: sugarcane has been, and continues to be, the dominant crop in Cuba’s economy, and sugar the main source of foreign exchange. Data published by the Cuban government portray the sugar […]
The Farmers’ Free Market: A Rejected Approach but a Possible Solution
Introduction In Cuba, the non-sugar agricultural sector produces significant amounts of food staples essential to the people’s diet and contributes handsomely to the international trade accounts of the nation. This is the only sector in the country which operates with a significant number of private entrepreneurs (farmers and small parcel owners o parceleros). In 1989, over […]
Current Political and Economic Trends in Cuba
1. Sugar The 1991-1992 Sugar Campaign (Zafra) The sugar campaign (zafra) officially ended in Cienfuegos with a ceremony on August 1st. We have not yet received news or confirmation on the amount of sugar produced. Estimates range from less than 6 million tons to 7 million tons. The guessing game goes on until the leadership […]
Legal Issues Raised by the Transition: Cuba from Marxism to Democracy, 199?–200?
I. Introduction The transition of Cuba from Marxism to democracy raises a number of important constitutional and legal issues. In this short paper all I can hope to do is make the reader aware of some of these questions and suggest solutions for some of them. However, as almost always in law, especially when dealing […]
An Economic Evaluation of the Foreign Investment Law of Cuba
On September 5, 1995, the Popular Power Assembly of Cuba enacted Law No. 77 which regulates foreign investments in Cuba. This law replaced previous Law No. 50 which enacted in 1982 had failed to attract a significant amount of foreign investments. According to the United Nations, the annual flows of direct foreign investment into Cuba […]
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